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The Rise Of State Bankruptcy-Directed Legislation, Ronald J. Mann
The Rise Of State Bankruptcy-Directed Legislation, Ronald J. Mann
Faculty Scholarship
The papers at this conference generally focus on the rise of securitization and the possibility that statutes designed to remedy abuses of securitization will wreak undue havoc on our capital markets. I take my starting point from the relatively intractable policy questions that those problems raise. It seems well accepted that securitization provides financing at lower cost to the large companies that use those transactions. If so, rules fostering securitization could enhance the overall performance of our economy. At the same time, there are legitimate concerns that the rise of securitization makes it less likely that large companies in financial …